April 12, 2018
California Proposes “Pay Ratio” Tax
– Liz Dunshee
California is joining seven other states & cities in proposing a tax consequence based on pay ratios. This article from Allen Matkins’ Keith Bishop gives the details. It notes that the bill would establish the following net income tax rates, beginning next year:
– Ratio between 0 & 50 – 8.84%
– Ratio between 50 & 100 – 10%
– Ratio between 100 & 200 – 11%
– Ratio between 200 & 300 – 12%
– Ratio over 300 – 13%
Visit our “Pay Ratio” Practice Area for information on other local laws. And remember to register by April 13 to get the “early-bird” 20% discount for our “Pay Ratio & Proxy Disclosure Conference” & “Say-on-Pay Workshop: 15th Annual Executive Compensation Conference” – to be held September 25-26 in San Diego and via Live Nationwide Video Webcast. Here are the agendas – 20 panels over two days.